2015-03-16T12:42:19-05:00 2014-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2013-07-01 370661496 CARTHAGE COLLEGE CART 2625518500 2001 ALFORD PARK DR KENOSHA WI 53140 WILLIAM ABT SR VICE PRESIDENT & TREASURER 2625518500 2015-03-10 1 LAWRENCE H MOHR CPA P00447603 6128764500 2013 2016-02-25 16:41:14Z GREGORY WOODWARD 2001 ALFORD PARK DR KENOSHA WI 53140 125523612 0 X WWW.CARTHAGE.EDU X 1847 WI CARTHAGE IS A SCHOOL OF LIBERAL ARTS AND SCIENCES PROVIDING STUDENTS WITH A COLLEGE EDUCATION. CARTHAGE IS AFFILIATED WITH THE EVANGELICAL LUTHERAN CHURCH OF AMERICA. 28 28 2200 25 1222670 0 3528591 3790634 105959681 113465325 1609320 2910069 -651 -16556 111096941 120149472 37766582 42650899 0 0 35136700 38000299 0 0 1905788 27988631 28638204 100891913 109289402 10205028 10860070 225674234 254628518 45800763 51558586 179873471 203069932 X SEEKING TRUTH, BUILDING STRENGTH, INSPIRING SERVICE - TOGETHER 0 0 22815097 93766918 INSTRUCTION: CARTHAGE COLLEGE AWARDS THE BACHELOR OF ARTS DEGREES WITH MAJORS IN MORE THAN 40 SUBJECT AREAS AND THE MASTER OF EDUCATION DEGREE. CARTHAGE ALSO HOSTS A JOINT MASTER OF SOCIAL WORK DEGREE AWARDED BY LOYOLA UNIVERSITY. THE 2013-2014 ACADEMIC YEAR ENROLLMENT WAS 2,810 FULL TIME EQUIVALENT (FTE) STUDENTS IN THE FALL SEMESTER AND 2,622 FTE STUDENTS ENROLLED IN THE SPRING SEMESTER. OF THE TOTAL NUMBER OF STUDENTS ENROLLED IN 2013-2014 ACADEMIC YEAR, 595 MET THE UNDERGRADUATE REQUIREMENTS OF GRADUATION AND 32 MET THE GRADUATE REQUIREMENTS FOR THE MASTERS IN EDUCATION. 47589564 42650899 520400 STUDENT SERVICES: CARTHAGE BOASTS A LONG-STANDING COMMITMENT TO EDUCATING THE WHOLE PERSON BY NOURISHING THE INTELLECTUAL, SPIRITUAL, EMOTIONAL, SOCIAL AND PHYSICAL DIMENSIONS OF STUDENTS' LIVES. THE COLLEGE OFFERS A CURRICULUM THAT CHALLENGES STUDENTS TO THINK CRITICALLY AND EXPRESS THEMSELVES EFFECTIVELY, A CAMPUS LIFE THAT ENCOURAGES INVOLVEMENT AND SERVICE (OVER 90 STUDENT ORGANIZATIONS), A COMMUNITY OF FAITH THAT NURTURES SPIRITUAL GROWTH AND DEVELOP MORAL RESPONSIBILITY, AND CO-CURRICULAR ACTIVITIES THAT INSPIRE STUDENTS TO TEST THEIR OWN LIMITS AND EXPRESS THEIR INDIVIDUALITY. THE AWARD WINNING STATE-OF-THE-ART HEDBERG LIBRARY UNITES BOOKS, PERIODICALS, ACADEMIC COMPUTING, NETWORK DATA PORTS AND MULTIMEDIA RESOURCES. 8777569 17955337 AUXILIARY ENTERPRISES AT CARTHAGE COLLEGE ARE COMPRISED OF 13 RESIDENCE HALLS ON CAMPUS, 9 DINING VENUES, AND A BOOKSTORE FOR STUDENTS, FACULTY AND STAFF. OF THE TOTAL STUDENT BODY, 67.96% OF ENROLLED STUDENTS LIVED ON-CAMPUS AND PARTICIPATED IN THE RESIDENT STUDENT BOARD PLAN. 1,719 STUDENTS RESIDED IN CAMPUS HOUSING DURING THE 2013-2014 ACADEMIC YEAR. 14568855 PUBLIC SERVICE EVENTS CONSIST OF MUSIC AND/OR COMEDY CONCERTS, BUSINESS COALITION LUNCHES AND FAMILY FUN NIGHTS WHICH PROVIDE ENTERTAINMENT/ACTIVITIES THAT ARE OPEN TO THE GENERAL PUBLIC. DIFFERENT EVENTS ARE HELD THROUGHOUT THE ENTIRE ACADEMIC YEAR. 14568855 93751085 1 1 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 467 0 2200 1 1 1 0 0 0 0 1 1 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 WI X X WILLIAM ABT 2625516200 2001 ALFORD PARK DRIVE KENOSHA WI 53140 WILLIAM MADDEN TRUSTEE 1.00 X 0 0 0 NICHOLAS PINCHUK TRUSTEE 1.00 X 0 0 0 ROSS ANDERSON TRUSTEE 1.00 X 0 0 0 WILLIAM KELLEY TRUSTEE 1.00 X 0 0 0 THOMAS LENTZ TRUSTEE 1.00 X 0 0 0 SCOTT LANG TRUSTEE 1.00 X 0 0 0 DAVID STRAZ TRUSTEE, CHAIR 1.00 X X 0 0 0 DENNIS MONROE TRUSTEE 1.00 X 0 0 0 DEAN MATTHEWS TRUSTEE 1.00 X 0 0 0 RICHARD CHRISTMAN TRUSTEE 1.00 X 0 0 0 ANDREW PALMEN TRUSTEE 1.00 X 0 0 0 LOREN SEMLER TRUSTEE 1.00 X 0 0 0 JOHN GORTON TRUSTEE 1.00 X 0 0 0 GINA FRIEBUS TRUSTEE, SECOND VICE CHAIR 1.00 X X 0 0 0 JUNE WALLER TRUSTEE 1.00 X 0 0 0 JOHN SLADEK TRUSTEE 1.00 X 0 0 0 MARILYN HEDBERG TRUSTEE 1.00 X 0 0 0 MARY BISHOP TRUSTEE 1.00 X 0 0 0 THOMAS KIESO TRUSTEE 1.00 X 0 0 0 THOMAS BOLGER TRUSTEE 1.00 X 0 0 0 GARY WILSON TRUSTEE 1.00 X 0 0 0 JEFF HAMAR TRUSTEE, FIRST VICE CHAIR 1.00 X X 0 0 0 HOYT HARPER TRUSTEE 1.00 X 0 0 0 REV JEFF BARROW TRUSTEE 1.00 X 0 0 0 REV WAYNE MILLER TRUSTEE 1.00 X 0 0 0 GREGORY WOODWARD PRESIDENT 40.00 X 309224 0 48741 DEAN CLARK VICE PRESIDENT 40.00 X 132260 0 29917 JASON RAMIREZ ASSOCIATE VICE PRESIDENT 40.00 X 92171 0 9877 BRADLEY ANDREWS SENIOR VICE PRESIDENT 40.00 X 177484 0 40406 JULIO RIVERA PROVOST 40.00 X 162925 0 17065 MOLLY POLK ASSOCIATE VICE PRESIDENT 40.00 X 61904 0 7549 PAUL HEGLAND SECRETARY 40.00 X 104200 0 34212 THOMAS KLINE ASSOCIATE VICE PRESIDENT 40.00 X 46674 0 234 WILLIAM ABT TREASURER 40.00 X 207182 0 23251 ARTHUR CYR PROFESSOR 40.00 X 128016 0 22178 ROBERT BONN ATHLETIC DIRECTOR 40.00 X 138645 0 36751 KURT PIEPENBURG PROFESSOR 40.00 X 147086 0 15404 PAUL ZAVADA PROFESSOR 40.00 X 132647 0 24921 TODD KELLEY VP LIBRARY AND TECHNOLOGY 40.00 X 162448 0 19227 GREGORY CAMPBELL FORMER PRESIDENT 40.00 X 255338 0 0 2258204 0 329733 31 1 1 0 SODEXO INC 4880 PAYSPHERE CIR CHICAGO IL 60674 FOOD SERVICE 5564867 ALLIED BARTON SECURITY SERVICES 111 EAST KILBOURN AVE STE 1875 MILWAUKEE WI 53202 SECURITY 953030 STANTEC INC 12075 CORPORATE PKWY STE 200 MEQUON WI 53092 ARCHITECT 935869 CAMOSY CONSTRUCTION 12795 120TH AVE KENOSHA WI 53142 CONSTRUCTION 877549 BARNES AND NOBLE BOOKSELLERS 120 MOUNTAIN VIEW BLVD BASKING RIDGE NJ 07920 BOOKS AND RETAIL 649292 32 80745 365952 3343937 243741 3790634 TUITION AND FEES 611710 93766918 93766918 AUX. ENTERPRISE 611710 18984954 17762284 1222670 ATHLETIC DEPT. INCOME 611710 479409 479409 OTHER STUDENT SERVICES 611710 234044 234044 113465325 1887115 1887115 6349178 5326224 1022954 1022954 1022954 31360 80745 47916 -16556 -16556 120149472 112242655 1222670 2893513 42650899 42650899 1735339 1330967 353497 50875 27173891 20841783 5535456 796652 1851350 1419945 377129 54276 5279018 4048891 1075362 154765 1960701 1503815 399404 57482 133932 102723 27283 3926 91960 70531 18733 2696 57430 57430 7545939 5824321 1546906 174712 249997 191742 50926 7329 4422773 3392170 900941 129662 580744 445418 118300 17026 3982831 3051948 813767 117116 1819136 1395238 370567 53331 207005 158768 42168 6069 935698 717660 190606 27432 5068434 3887378 1032465 148591 1000575 767419 203822 29334 GENERAL INSTITUTIONAL 2541750 1949469 517767 74514 109289402 93751085 13632529 1905788 6107116 15956991 18033790 2097918 868487 3964543 4388231 2138150 2172058 624187 371093 192146742 66757426 128080665 125389316 70065985 85462808 4104949 2745795 7730670 225674234 254628518 6299977 7597448 2691521 2693532 8799820 9279426 24000000 28900000 891100 868309 3118345 2219871 45800763 51558586 X 128512532 140332693 20116031 30420543 31244908 32316696 179873471 203069932 225674234 254628518 X 10860070 11615287 721104 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 230349 X X X X 0 64440221 1909584 14420617 -42800 80813222 54662594 289978 9420926 -66723 64440221 51711717 1378744 993949 -578184 54662594 39118944 1442518 10251593 -898662 51711717 33561053 489912 4982579 -85400 39118944 0.27550 0.38760 0.33690 0 0 631935 631935 126902506 30940965 95961541 14349111 3877343 10471768 48219948 31445407 16774541 2043242 493711 1549531 125389316 ANNUITIES PAYABLE 1422784 DEPOSITS HELD IN CUSTODY FOR OTHERS 123733 ASSET RETIREMENT OBLIGATION 414796 CAPITAL LEASE OBLIGATION 258558 2219871 X 89837450 11615287 12000 769020 12396307 77441143 57430 42650899 42708329 120149472 66640989 12000 47916 59916 66581073 57430 42650899 42708329 109289402 PART III, LINE 4: THE COLLECTION RELATES TO ITEMS FROM THE CIVIL WAR AND IS USED PRIMARILY FOR EDUCATIONAL PURPOSES. PART V, LINE 4: THE ENDOWMENT FUNDS ARE USED TO FUND SCHOLARSHIPS, EDUCATIONAL PROJECTS, AND OTHER VARIOUS PURPOSES. PART X, LINE 2: THE COLLEGE FOLLOWS THE ACCOUNTING STANDARDS FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THIS GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE COLLEGE FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2014 AND 2013. THE COLLEGE'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE TAX RETURNS FOR FISCAL YEARS 2011 AND THEREAFTER ARE OPEN TO EXAMINATION BY FEDERAL AUTHORITIES. THE TAX RETURNS FOR FISCAL YEARS 2010 AND THEREAFTER ARE OPEN TO EXAMINATION BY STATE OF WISCONSIN TAX AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 47,916. ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE 721,104. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS TO STUDENTS 42,650,899. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 47,916. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS TO STUDENTS 42,650,899. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE PUBLISHES ITS NONDISCRIMINATORY POLICY IN THE KENOSHA DAILY NEWS AND RACINE JOURNAL TIMES AT VARIOUS POINTS THROUGHOUT THE YEAR. THE COLLEGE FOLLOWS A NONDISCRIMINATORY POLICY REGARDING ALL PROGRAMS. ENROLLMENT OF STUDENTS IS WITHOUT DISCRIMINATION AS TO RACE, RELIGION, SEX, COLOR, OR NATIONAL ORIGIN AND IS PUBLISHED IN THE COLLEGE'S CATALOG AND RECRUITING INFORMATION. RECRUITMENT PROCEDURES ARE DESIGNED AND CARRIED OUT TO REACH ALL RACIAL SEGMENTS IN THE GEOGRAPHIC AREA SERVED. SCHEDULE E, PART I, LINE 6 THE COLLEGE RECEIVES FINANCIAL ASSISTANCE FROM THE U.S. GOVERNMENT IN CONNECTION WITH VARIOUS PROGRAMS SUCH AS THE PERKINS STUDENT LOAN PROGRAM, FEDERAL WORK STUDY PROGRAM, PELL GRANT PROGRAM, AND SUPPLEMENTAL EDUCATIONAL OPPORTUNITY GRANT PROGRAM. STUDENTS ATTENDING CARTHAGE COLLEGE ALSO RECEIVE FINANCIAL ASSISTANCE FROM THE STATE OF WISCONSIN. RED MEN/LADY REDS GOLF 112105 80745 31360 5000 10253 29560 3103 112105 80745 31360 5000 10253 29560 3103 47916 -16556 1 SCHOLARSHIPS AND GRANTS PROVIDED AS FINANCIAL AID TO STUDENTS 2634 42650899 PART I, LINE 2: CARTHAGE COLLEGE OFFERS SCHOLARSHIPS AND GRANTS TO QUALIFIED STUDENTS TO HELP REDUCE THEIR OUT-OF-POCKET TUITION COSTS. STUDENTS RECEIVING FINANCIAL ASSISTANCE OF THIS FORM MUST MEET SPECIFIC CRITERIA SUCH AS ACADEMIC ACHIEVEMENT, FINANCIAL NEED AND OTHER SIMILAR STANDARDS WHETHER PUT IN PLACE BY THE COLLEGE OR BY DONORS OF RESTRICTED FUNDS. X X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 GREGORY WOODWARD PRESIDENT 286224 0 0 0 23000 0 12750 0 35991 0 357965 0 0 0 DEAN CLARK VICE PRESIDENT 132260 0 0 0 0 0 13940 0 15977 0 162177 0 0 0 BRADLEY ANDREWS SENIOR VICE PRESIDENT 177484 0 0 0 0 0 18220 0 22186 0 217890 0 0 0 JULIO RIVERA PROVOST 139925 0 0 0 23000 0 16250 0 815 0 179990 0 0 0 WILLIAM ABT TREASURER 184182 0 0 0 23000 0 20710 0 2541 0 230433 0 0 0 ARTHUR CYR PROFESSOR 128016 0 0 0 0 0 13040 0 9138 0 150194 0 0 0 ROBERT BONN ATHLETIC DIRECTOR 138645 0 0 0 0 0 14670 0 22081 0 175396 0 0 0 KURT PIEPENBURG PROFESSOR 147086 0 0 0 0 0 14640 0 764 0 162490 0 0 0 PAUL ZAVADA PROFESSOR 132647 0 0 0 0 0 7280 0 17641 0 157568 0 0 0 TODD KELLEY VP LIBRARY AND TECHNOLOGY 162448 0 0 0 0 0 16330 0 2897 0 181675 0 0 0 GREGORY CAMPBELL FORMER PRESIDENT 232338 0 0 0 23000 0 0 0 0 0 255338 0 0 0 PART I, LINE 1A GREGORY CAMPBELL RECEIVED A HOUSING ALLOWANCE OF $15,000 FROM THE ORGANIZATION. GREGORY WOODWARD AND BRADLEY ANDREWS ALSO HAD COUNTRY CLUB MEMBERSHIPS IN CALENDAR YEAR 2013 THAT WERE PAID BY THE ORGANIZATION. THE COST WAS APPROXIMATELY $3,200 AND $6,500, RESPECTIVELY. PART I, LINE 4B WILLIAM ABT HAS A 457F PLAN FUNDED BY THE COLLEGE. FOR FISCAL YEAR 6/30/14, THE TOTAL COLLEGE CONTRIBUTION WAS $19,900, AND WITHDRAWALS FROM THE PLAN WERE $0. A WISCONSIN HEALTH AND EDUCATIONAL FACILITIES 391337855 2012-06-01 6250000 REFINANCE OF 1999 SERIES BONDS 0 0 0 B WISCONSIN HEALTH AND EDUCATIONAL FACILITIES 391337855 2013-11-14 20000000 FINANCING OF SCIENCE CENTER 0 0 0 A 6250000 6250000 2012 1 0 1 1 B 20000000 6150000 13850000 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 A 0 1 0 0 1 0 0 0 1 B 0 1 0 0 1 0 0 1 A 1 B 1 PALMEN AUTOMOTIVE OWNER OF PALMEN AUTOMOTIVE IS A TRUSTEE OF THE ORGANIZATION 33000 VEHICLE PURCHASE 0 X 1 5500 FAIR MARKET VALUE X 8 204420 FAIR MARKET VALUE X 3 608 FAIR MARKET VALUE X 1 107 FAIR MARKET VALUE X INSURANCE 2 32466 FAIR MARKET VALUE X TICKETS 3 540 FAIR MARKET VALUE X HOUSEHOLD ITE 1 100 FAIR MARKET VALUE 1 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE IS COMPRISED OF 8 MEMBERS OF THE BOARD OF TRUSTEES, THE COLLEGE PRESIDENT, TREASURER AND ATTORNEY. FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE HAS BEEN GIVEN THE AUTHORITY TO REVIEW AND APPROVE THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C ALL PAYMENTS ARE REVIEWED BY THE BUSINESS OFFICE TO INSURE THERE ARE NO CONFLICTS. ALL EMPLOYEES AND BOARD OF TRUSTEES ARE COVERED BY THE POLICY. DETERMINATIONS AS TO WHETHER CONFLICTS EXIST ARE MADE BY THE CONTROLLER AND VICE PRESIDENT FOR ADMINISTRATION AND BUSINESS. NO CONFLICTS HAVE ARISEN TO DATE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS REVIEWED AND APPROVED BY THE CARTHAGE COLLEGE EXECUTIVE COMMITTEE. THE COMMITTEE IS COMPRISED OF MEMBERS OF THE BOARD OF TRUSTEES, THE COLLEGE ATTORNEY AND THE COLLEGE PRESIDENT AND TREASURER. THIS REVIEW IS PERFORMED ANNUALLY BY THE COMMITTEE AND DONE FOR ALL OFFICERS OF THE COLLEGE. FORM 990, PART VI, SECTION C, LINE 19 THE CARTHAGE COLLEGE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE INTERNAL DOCUMENTS AND ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: ADJUSTMENT OF ACTUARIAL LIABILITY FOR ANNUITIES PAYABLE 721,104. FORM 990, PART XII, LINE 2C: NEITHER THE OVERSIGHT PROCESS OF THE AUDIT NOR THE SELECTION PROCESS OF THE INDEPENDENT ACCOUNTANT CHANGED DURING THE TAX YEAR. CHARITABLE REMAINDER ANNUITY TRUSTS (167) CHARITABLE TRUST WI N/A T 0 CHARITABLE REMAINDER UNITRUST (5) CHARITABLE TRUST WI N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0